Janice, re. banks, I was just in one today, and I inspected a standard sign, near the teller, advising you that when you make a deposit, your funds might be unavailable for withdrawal for up to five business days. I paid particular attention to the wording on that sign, after reading the news release today.
Five business days is one week, and that's what the company's news release referred to.
The company said it received a check today, it took it to the bank, and the bank said, as it would to anybody, your funds for this deposit might be unavailable for withdrawal for 5 business days.
This is not a big deal at all. The only interesting thing I see about this issue is that the company found it necessary to bring it up. You would never see such a news release from a high-quality company with high-quality customers and a similar market cap. |
